NMIA in focus in Cidco's Rs.16k-cr budget
Navi Mumbai, April 8 -- The City and Industrial Development Corporation (Cidco) has proposed an outlay of Rs.16,250 crore for 2026-27, with a strategic focus on leveraging the Navi Mumbai International Airport (NMIA) and aimed at an intensified push to scale up infrastructure and expand housing supply.
The proposed budget estimates receipts of Rs.16,250 crore against expenditure of Rs.16,150 crore, resulting in a projected surplus of Rs.100 crore. In 2025-26, Cidco reported revised receipts of Rs.9,774.23 crore and expenditure of Rs.9,770.26 crore.
"Our fiscal stability over the past year has given us the financial agility to act decisively," said Vijay Singhal, vice chairman and managing director.
A defining development over the past year has been the commissioning of the NMIA, Singhal noted. With the airport as the anchor, Cidco is advancing a massive network of transport corridors. The 34.89-km Metro Line 8, which will connect NMIA with Mumbai's existing airport, is projected to handle around 9.8 lakh passengers daily by 2031. Additional metro links under planning include Line 1A (Belapur-NMIA) and Line 2 (Pendhar-NMIA). Road connectivity is also being reinforced through the 25.3-km Thane-NMIA elevated corridor, a Rs.6,521 crore project. Cidco said it is currently executing 16 major infrastructure projects across Navi Mumbai, Panvel and Uran. Among key proposals are a 155-hectare International Corporate Park at Kharghar and a 560-hectare Integrated Logistics Park between JNPA and NMIA.
Development is also being accelerated in the 225 sq km Navi Mumbai Airport Influence Notified Area (NAINA), supported by large-scale water infrastructure projects such as the Kondhane dam, Hetawane augmentation, and the proposed Balganga dam.
On the housing front, Cidco plans to launch around 19,300 units in 2026-27. Additional urban projects include a 20,000-seat international-standard indoor arena, the expansion of the Kharghar Valley Golf Course, and the proposed Unity Mall....
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